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    WRF Capital logo

    WRF Capital

    Seattle, Washington, United StatesFounded 1996
    www.wrfseattle.org/startup-investmentsLinkedIn
    Biotech & Life SciencesHealthcareSaaSData & AnalyticsHardware & Semiconductors

    WRF Capital is the investment vehicle of the Washington Research Foundation, deploying approximately $5 million annually in early-stage Washington state startups. Since 1996, it has backed over 130 local startups across life sciences, information technology, and physical sciences.

    They made 1 investment in the last 12 months. Average disclosed round size is $22.6M (across 36 rounds with reported amounts).

    Find people at WRF Capital on Goldilocks AI

    Portfolio

    31

    Fund Size

    —

    Top Stage

    Seed

    Last 12 Mo

    1

    Team

    Jacqueline Brainard

    Jacqueline Brainard

    VP, Operations and Compliance Officer, First Choice Health

    Jamie Pedersen

    Jamie Pedersen

    Executive Vice President and General Counsel, McKinstry

    Thomas Cable / Co-Founder

    Thomas Cable / Co-Founder

    Private Investor

    Brooks Simpson / Chair

    Brooks Simpson / Chair

    President, Pacific Rim Medical Systems

    C. Kent Carlson

    C. Kent Carlson

    Senior of Counsel, K&L Gates (retired)

    Clarisse Benson

    Clarisse Benson

    Manager, Student & Postdoctoral Programs

    Connie Collingsworth

    Connie Collingsworth

    Independent Board Member

    Dale Wadman

    Dale Wadman

    Manager, Operations & Communications

    Jasmine Coleman

    Jasmine Coleman

    Operations Coordinator

    Lisa Caldwell

    Lisa Caldwell

    Executive Assistant

    Morgan Hellar

    Morgan Hellar

    Chief Financial Officer

    Sue Coliton

    Sue Coliton

    Senior Consultant, Luma Consulting

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    37 investments
    CompanyRoundAmountDate
    BBrainChild BioSeries A$116MJan 2026
    Accipiter Biosciences logoAccipiter BiosciencesSeed$12.7MNov 2025
    Accipiter logoAccipiterSeed$12.7MJan 2025
    Talus Bioscience logoTalus BioscienceSeed$11.2MAug 2024
    Outpace logoOutpaceSeries B$144MAug 2024
    OOutpace BioSeries B$144MJan 2024
    OOutpace BioSeries A$30MJan 2024
    AdaptX logoAdaptXSeries A$10MJan 2023
    Birch.AI logoBirch.AISeed—Jan 2022
    SSomalyticsSeed$1.9MJan 2022
    BBirchAISeed$3.1MJan 2022
    Thruwave logoThruwaveSeed$6.4MSep 2020
    Membrion logoMembrionSeries A$6MMar 2020
    Membrion logoMembrionSeries A$6MJan 2020
    Phytelligence logoPhytelligenceSeries B$11.9MJul 2018
    Absci logoAbsciSeries C$12MMay 2018
    Arzeda logoArzedaSeries A$12MJul 2017
    Wibotic logoWiboticSeed$2.5MSep 2016
    AAnswerDashSeed$2.9MSep 2015
    AAnswerDashUnknown$2.9MJan 2015
    C-Sats logoC-SatsUnknown$2.5MJan 2015
    Skytap logoSkytapSeries B$35MDec 2014
    MMobiSanteSeries A$4.2MJun 2013
    AAnswerDashSeries A$2.4MJan 2013
    GGlobeImmuneSeries C$41.2MSep 2007
    Page 1 of 2

    Top Co-Investors

    Washington Research Foundation12 shared
    Alexandria Venture Investments5 shared
    Playground Global3 shared
    Abstract Ventures3 shared
    Civilization Ventures3 shared
    RA Capital Management3 shared
    Cercano Management3 shared
    ARCH Venture Partners3 shared
    Summit Partners3 shared
    Voyager Ventures3 shared
    Bristol Myers Squibb2 shared
    Surveyor Capital2 shared
    Mubadala Ventures2 shared
    Qatar Investment Authority2 shared
    Black Opal Ventures2 shared
    Madrona Venture Group2 shared
    Flying Fish2 shared
    Takeda Ventures, Inc.2 shared
    Columbus Venture Partners2 shared
    Argonautic Ventures2 shared

    Last updated: 20 October 2026